The 2014 Petro-Wealth Report for Texas Has Been Released

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Blackbeard Data Services, the foremost data provider for Texas lease ownership data has released its annual 2014 Texas Petro-Wealth report. The report concludes that Texas currently contains $140 billion of proved producing reserves. The report plotted the distribution of wealth by owner entity type. The report concluded that corporations hold over $112 billion dollar in the total petro-wealth in Texas with individuals holding $20 billion, trusts accounting for $4.6 billion and the rest of the petro-wealth distributed among educational institutions, non-profits government agencies, and religious organizations.

The report also includes the top 20 cities holding Texas petro-wealth. Houston, Texas came in as the number one city with a petro-wealth worth of $47 billion with Midland, Texas coming in second with over $14 billion. The other cities included in no particular order are Amarillo, Austin, Dallas, Oklahoma City, Denver, Tulsa, and Birmingham just to name a few.

About Blackbeard Data Services, LLC: Blackbeard Data is a data service provider offering lease ownership data. Located in Austin, Texas, it has provided lease ownership information, geospatial lease data, and analytical services to oil investors for over 17 years.